Africa stands for Bitcoin Cash.

Since the begins of the world civilization is always evolving, in the primordial times men deal with exchange of goods they need to survive (maize, rice, potatoes, fruits and all kind of food some could change for other things in order to maintain their lifestyle) then, times later they used Gold and silver to exchange for the same goods. In Africa History says even Ivory was used in the commercial merchandise when the Arabic people come to the continent, they used this asset to exchange with the natives who gave them the valuable ivory in exchange of porcelain and other things Africans needed to enrich their empires which also used to pay in marriages and local war agreements.

Money was always a tool used by governments to secure their taxes and control their people in order to maintain this status laws have been created to make the citizens to obey what the authorities says with all of this in the name of centralization. In general, countries will not ever accept the decentralized finances, but neither to ban or block them, they can only try to take out of it always a profit from it. All politics are based in money and all laws built to make the authorities make money from their own people.

Before 2009, none of this threat was worrying the governments and they could do whatever they wanted with their citizens, they were forced to pay enormous amounts in fees in just a small transactions occured in traditional financial services, with the banks taking the most money from their clients. This taxes take by this banks were funding the governments and the other part kept in the banks pocket.

After 2009, things start to change with the introduction and creation of the first digital worldwide known currency, the Bitcoin. At that point no one believed that the project could grow and become the most successful store of value of all times with a return in more than 4,000% in about 10 years in market. Surely people didn't believed in that and forgot that history have been telling this, in the past people exchange goods to survive, then ivory, Gold and silver, in the twenty century the same civilization is exchanging digital currency. It's a matter of history and this is SOMETHINg no one can deny, the world evolve!

How Africa stands for this changes.

The old Africa is practically gone, and one new Africa have been on the edge to become a great edge to cryptocurrencies, with a potential to be an hotspot in few years to come. Many factors contribute for this new raising Africa, with a constant lack of opportunities in the formal sector, this youngs in the cradle of Africa are looking for more positive ways to build their income and stay up-to-date with their bills and lifestyle. Few countries have a total understanding of cryptocurrencies but the same ones are becoming a hub in crypto, in the next couple of years the expansion to other parts of the continent the knowledge will be enough strong to follow the world and benefit from it.

Here's where Bitcoin Cash have a preponderant role...

Africa is a large continent with more than 1.2 billion souls, with the majority of this ones being youngs who are discriminated by their own government which doesn't give them a way to make income and become financially stable in order to pay the taxes the authorities ask. This men and women living in the continent most of the time have to struggle to find income to sustain their families and loved ones but with the emergent situation, specially caused by COVID-19, they are more interested in online money.

Most enter the crypto hub without knowing a damn thing about it, only want money. They are connected with the world with most of the metropolitan cities linked to internet, they have time to spend (because most are unemployed) and they are willing to learn more about.

Bitcoin Cash is something that Africans will adore and embrace when they see what the asset is and how could benefit using it. The asset still cheap compared to many on market, have a huge prognostic to grow a lot, it's accessible to earn (with many credible sites giving it for free websites like read.cash, memo.cash..), the transactions fees are extremely low, the confirmation on network are most faster than Bitcoin, the blockchain allows to build many other tokens-SLP, also can be issued stablecoin on the network which helps to secure value when users aren't risk to lose their value in the volatile of the market.

It's nearly impossible to buy one Bitcoin this days, but is possible to buy Bitcoin Cash and for a continent who barely earn from $53-$217 in average salary, holding just one Bitcoin Cash can surely be a game changer in ten years of holding.

Africa stands for Bitcoin Cash and who says contrary doesn't know the potential of the asset!

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Have a great Tuesday.